NZD USD settles below the support – Analysis - 23/01/2015
Economies.com
2015-01-23 05:52AM UTC
The NZDUSD pair returned to close yesterday’s trading below the bearish channel’s support that appears on chart, which supports continuing the decline on the short term and medium term basis, waiting to visit 0.7330 level that represents the main target for the upcoming sessions.
The bearish trend continuation depends on holding below 0.7620, as breaching this level will motivate the price to achieve intraday gains that its main targets reach 0.7905.
Expected trading range for today is between: 0.7400 support and 0.7620 resistance.
Expected trend for today: Bearish
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